#1CIS Expansion Community Meeting 24 May 2018 CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE | SERVE#2CIS EXPANSION PROJECT CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#3A Growing Community ✓ Enrollment increases ✓ Demand for additional spaces Enhancing quality of education CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#4600 400 1200 Admissions CIS Enrollment Projections 1000 800 200 107 138 149 2003/04 2004/05 2005/06 2006/07 352 291 209 2007/08 2008/09 387 372 2009/10 2010/11 2011/12 2012/13 1040 1061 1077 1003 939 874 765 662 630 585 591 553 500 468 445 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 projected 2019/20 projected* 2020/21 projected** 2021/22 projected 2022/23 projected 2023/24 projected 2024/25 projected 2025/26 projected CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#5Enhancing Education ✓ Increased opportunities The physical environment ✓ Contemporary education CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#6Campus Design CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#7Early Childhood 668EF F CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#8Early Childhood noon, مممم M EARLY CHILDHOOD NORTH-EAST AXO G CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#9Main entrance conceptual rendering CAYMAN INTERNATIONAL SCHOOL CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#10Classroom conceptual rendering CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#11Motor & Music conceptual rendering CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#12Library conceptual rendering G CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#13High School - Level 1 HIGH SCHOOL NORTH-EAST AXO CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#14High School - Level 2 and 3 LAI PROJECT CHNICAL VIDEO PACAUCTION DIEN TOLARY TAIR COMMONS L CLASSROOM CLASSROOM CLASSROOM CLASSROOM CRE PARTITION ATNORTH MD BOWTH CLO CLASSROOM CLASSROOM EXPANSION JOH 00 14 00 CIS LEVEL 03 CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#15EXPANSION TEAM CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#16Cayman International School ○ CIS Board • Liz Duffy, President of ISS • Kristin Evins, CFO of ISS • David Randall, ISS Vice President Caribbean • • . Sonia Krutka, CIS Board Recording Secretary Jeremy Moore, CIS Director (non voting) Other ISS executives attend as needed ○ Parents ○ Students ○ Faculty CAYMAN INTERNATIONAL SCHOOL CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#17International School Services o ISS has been dedicated to world-class education for over 55 years o Headquartered in Princeton, New Jersey, USA o ISS is non-profit organization, 501(c)(3) o ISS owns and governs CIS iss INTERNATIONAL SCHOOLS SERVICES Making a world of difference CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#18Dart Based in the Cayman Islands, Dart has a global portfolio of investments including real estate, hospitality, retail and biotech Dart is the owner and developer of Camana Bay CIS was the first building to open in Camana Bay on 6 September 2006 DART CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#19Dart Minds Inspired: STEM-inspired community events and programmes DART Dart Scholar: high school and university scholarships Kenneth B. Dart Foundation: fostering economic, and social sustainability MINDS NSPIRED CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#20Perkins + Will Perkins+Will is a US-based architectural firm founded in 1935 with offices in Miami Collaboration with clients all over the world to create healthy, sustainable places Perkins+Will principal Lawrence Kline was lead architect on original CIS project during his time at Spillis Candela PERKINS + WILL CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#21EXPANSION FACTORS CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#22Financing Partnership between CIS and Kenneth B. Dart Foundation US $60m development costs of expansion funded by Kenneth B. Dart Foundation CIS lease until 2043 CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#23Facilities Agreement The Kenneth B. Dart Foundation owns the school buildings Camana Bay owns and operates the ARC and Sports Complex CIS has use of the ARC and Sports Complex during school hours ARC and Sports Complex are available for hire out of school hours CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#24CIS Operations 2016/17 2016-17 Expense Depreciation Expense 2% Utilities 3% Professional Fees 3% Materials 4% Repairs & Maintenance 4% Other 5% Insurance 2% Rent 12% School Activities & Programs 1% Salaries and Benefits 64% CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#25CIS Operations: Other 2016/17 Employee Entertainment, Travel, 0.1% Auto Expense, 0.1% 0.2% Fees, 0.2% Recruitment, 0.2% Bad Debt Expense, 0.3% Misc Expense, 0.4% Advertising, 0.4% Shipping, 0.5% Gifts and Recognition, 0.1% Tech & Equip Repair/Support, 1.1% Communication Expense, 0.6% Professional Development, 0.8% CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#26Tuition and Fees Other Income 5% Tuition Revenue 95% CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#27JUNE 2018 Construction starts EXPANSION TIMELINE AUGUST 2019 Early Childhood completion AUGUST 2020 High School completion CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#28QUESTIONS? CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE#29Thank you for coming! M CAYMAN INTERNATIONAL SCHOOL CIS CAYMAN INTERNATIONAL SCHOOL CONNECT INSPIRE SERVE